HOW MUCH LONGER?

By
Real Estate Broker/Owner with 1st Choice Realty of Fayetteville, LLC

The question on every one's lips is, "When are things going to return to normal in real estate?"  Well, if the "normal" being referred to is the conditions and shady financial dealings that created the artificially inflated markets of five years ago, then we need to be thinking about redefining “normal.”

The bad lending practices of the past are indeed making it more difficult now to secure financing, but try to understand that's not necessarily a bad thing.  Those days of lower standards and easy money led us into this predicament in the first place.  It's good for housing and for the economy when banks become interested in whether loans will be repaid.

newspaper

In the “new” normal, home prices will stabilize, the number of sales will start gaining, and more people will again realize the benefits that home ownership offers, for both personal and financial security.  With historically low interest rates, affordable prices, and motivated sellers, the housing market is already experiencing the initial signs of recovery.

Display of Bank rates

All of these factors combine to get first-time buyers excited about a purchase.  As these consumers enter the market, they will trigger other purchases, and the chain of transactions grows.  Expect 1st Choice Realty of Fayetteville to reveal a wide range of affordable choices and guide you toward securing the financing you need to make your dream come true.

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Rainmaker
129,919
Jeanne Kozak
RE/MAX In Action - Martinsburg, WV
REALTOR and Broker/Owner in WV and VA

I just everyone has learned a lesson from all this, but I fear greed will make many forget too soon.

Feb 18, 2011 09:07 PM #1
Rainer
101,702
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Perhaps so Jeanne, but let's hope not! Thanks for commenting.

Feb 18, 2011 09:13 PM #2
Rainmaker
216,706
Maria Couto
RE/MAX Premier - Berkeley Heights, NJ
Realtor with "Results That "MOVE" You'

Lesson learned, until it is forgotten, and common sense goes out the door (no pun intended)by Lenders as well buyers. However, in my area market is stabilizing. I'm seeing consistency. Good post.

Feb 18, 2011 11:31 PM #3
Rainer
101,702
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Fortunately in my area Maria, the market has been fairly stable all along, however the number of buyer who can qualify has been a little off. It's truly Good News to see market condition across the whole country begin to stabilize. As always Maria, I appreciate your comments. Thank you!

Feb 19, 2011 07:14 AM #4
Ambassador
1,302,606
Silvia Dukes PA, REALTOR
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Clark, the sooner people realize there is "new normal" they can adjust and move ahead.  Realization is the hard part.

Feb 19, 2011 07:34 AM #5
Rainer
101,702
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Good point Silvia! We need more pro-active Realtors like you leading the way to the realization that Now is the Time! You are hereby commissioned... Beat the drum!

Feb 19, 2011 07:50 AM #6
Rainmaker
510,001
Christine Smith
Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA
Exclusive Buyer Agent & Attorney, Canton, MA

I agree with Silvia.  I think this is the new normal & everyone just needs to adjust.  Those who wait might miss out.

Feb 19, 2011 09:41 AM #7
Rainer
101,702
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Hello Christine, good to see you again! I'm glad you agree with Silvia, now there's three of us marching to the beat! Thank you very much!

Feb 19, 2011 10:28 AM #8
Ambassador
684,273
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Clark your post make such good and practical sense for everybody and above all they promote responsible and logical behavior.

Feb 19, 2011 05:44 PM #9
Rainer
101,702
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Hey Charita! I appreciate your comment/compliment. Thanks for your encouragement and your contribution.

Feb 19, 2011 05:58 PM #10
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Clark Cook

Marketing Homes For Sale In Fayetteville NC Area
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